Buyer demand for residential homes continued to outpace supply in February. The Buyer Traffic Index rose to 64 while the Seller Traffic Index essentially stayed at 39 based on information in the February REALTORS® Confidence Index (RCI) Survey. In … [Read more...]
Homeownership and Rapid Transit
The American Public Transportation Association and the National Association of REALT0RS® recently released a study analyzing changes in residential prices for houses near high frequency public transportation. The study analyzed residential prices in … [Read more...]
Increasing REALTOR® Optimism Sustained in February
Confidence about current market conditions and in the outlook for the next six months rose in February based on information gathered in the February REALTORS® Confidence Index (RCI) Survey (http://www.realtor.org/reports/realtors-confidence-index). … [Read more...]
Home Construction Back on Track
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses housing construction. Home construction was back on track … [Read more...]
Change in Personal Bankruptcies: 2012 vs. 2011
Personal bankruptcies tend to rise during periods of economic distress due to job loss and loss or reduction of income. Not surprisingly, this pattern was evident during this most recent economic downturn when bankruptcies rose nationally to a peak … [Read more...]
Home Improvements After the Home Purchase
Click chart to view larger version. Fifty-three percent of buyers undertook a home improvement project within three months of their home purchase. Buyers who purchased older, previously-owned homes were the most likely to undertake a home … [Read more...]
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